Ask older friends or relatives about the cost of specific items (e.g., a gallon of gas, a
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Ask older friends or relatives about the cost of specific items (e.g., a gallon of gas, a cup of coffee, etc.) during their youth. Also inquire bout their average wages in the past. Compare the amounts given to current expenses and income levels. Explain your findings using the time value of money concepts.
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Comparing the cost of specific items and average wages from the past with current expenses and income levels can provide valuable insights into the ch...View the full answer
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Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
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